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his successor, whoever she names, will have to run in 2014 in a special election. that person and senator lindsey graham will both be running at the same time in 2014 and south carolina. dagen: very interesting. dan henninger. thank you very much. connell: it is time for the fha to get in the hot seat. shaun donovan appearing before the committee. dagen: it begins with 3.5% down. that is your down payment if you need an fha loan. peter barnes standing by with more. peter: a bailout is coming. the housing secretary cannot rule it out. he is highly concerned that there may be one. they found it has a 13.6, pardon me, $16.3 billion capital reserve shortfall. they say it is too soon to say whether the fha will need any money from the treasury. they are increasing fees and making other changes to avoid a bailout. >> it is time to get serious reform for fha. if it is not too late already. right now, the question is quickly becoming not if, but when. peter: the final accounting would be done at the end of fiscal year 2013. the administration says it will not signal his in
his successor, whoever she names, will have to run in 2014 in a special election. that person and senator lindsey graham will both be running at the same time in 2014 and south carolina. dagen: very interesting. dan henninger. thank you very much. connell: it is time for the fha to get in the hot seat. shaun donovan appearing before the committee. dagen: it begins with 3.5% down. that is your down payment if you need an fha loan. peter barnes standing by with more. peter: a bailout is coming....
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that would coincide with south korea's presidential elections. the u.k., israeli envoys to the country in protest of the israeli prime minister's plan to build 3,000 settlement homes in the west bank. israel authorized the housing units after the united nations voted to upgrade palestinian status. palestine opposed the move. george hw bush in stable condition after receiving treatment for a bronchitissrelated cost. the 88-year-old has been in the hospital for a week receiving treatment visited by the children, including former president george w. bush. those are your headlines. back to lori and connell. >> thank you. >> sales numbers, general motors up 3% from last year, and others in the green as well thanks to, believe it or not, hurricane sandy. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are
that would coincide with south korea's presidential elections. the u.k., israeli envoys to the country in protest of the israeli prime minister's plan to build 3,000 settlement homes in the west bank. israel authorized the housing units after the united nations voted to upgrade palestinian status. palestine opposed the move. george hw bush in stable condition after receiving treatment for a bronchitissrelated cost. the 88-year-old has been in the hospital for a week receiving treatment visited...
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yes, there is short-term pain come 2014, midterm's election the president's economy. the president gets responsibility for what happens after the cliff drops. wouldn't that be the political move to make if you're john boehner? >> we really have no choice. president is in the driver's seat and boehner is hostage in the back seat with the president with his foot on the gas. nothing the speaker can do, other than perhaps, i think it would be politically wise for the house to pass a bill with the majority now. put it back in the president's court. there is really not much, house can do against the senate and white house to get anything accomplished. adam: so you think we go off the cliff. do you think there would be any signs in the next week or two that that's an incorrect prediction? they're talking right now, not politely, not pleasantly, but not getting anything done but the lines of communication are open. >> look, if we're in a crisis and i believe we are, why isn't the president showing leadership and having leaders down to the white house, burning midnight oil ins
yes, there is short-term pain come 2014, midterm's election the president's economy. the president gets responsibility for what happens after the cliff drops. wouldn't that be the political move to make if you're john boehner? >> we really have no choice. president is in the driver's seat and boehner is hostage in the back seat with the president with his foot on the gas. nothing the speaker can do, other than perhaps, i think it would be politically wise for the house to pass a bill with...
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we got seven weeks between election day and the end of the year. three of those weeks have been wasted with the nonsense. >> okay. you heard them, the first time in two decades now, acknowledge they want revenues up as the balanced plan, a good first steppedded, but they have to say what they do operates and revenues. that's hard for republicans. >> runs of billions of spending cuts, tax increases begin in less than a month, and with the negotiations, two sides are about where they started. still, aids say it's early to be moving to an agreement with plenty of time for each side to extract the best deal possible before selling it to the parties and selling position to voters. with that, president obama is hosting a twitter question-and-answer next hour. back to you. >> signs on for that. rich, thank you. >> time is returning out on the fiscal cliff, and the next guest thinks there's a deal brewing, optimistic. that's david, adviser's chairman and chief investment officer. what do you think is the key to getting a deal done? do you think something's
we got seven weeks between election day and the end of the year. three of those weeks have been wasted with the nonsense. >> okay. you heard them, the first time in two decades now, acknowledge they want revenues up as the balanced plan, a good first steppedded, but they have to say what they do operates and revenues. that's hard for republicans. >> runs of billions of spending cuts, tax increases begin in less than a month, and with the negotiations, two sides are about where they...
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back a little over a year, in the original elections islamist parties, the groups which are even more ravaged than the brotherhood is have one but margins of about 4-1. cheryl: wa it was not like a hue referendum and they came into power in june. >> morsi, sylvi some of the islt split. they split in the last minute when the candidate got pushed aside and he did not run against a secular democrat. cheryl: what does this mean for the united states and israel and the border they share? >> the muslim brotherhood and islamist mass movement it represents art you revocable he opposed to the west and the united states. the justice department prove in court a couple of years back the brotherhood says its missio misn the united states is to eliminate and destroy western civilization. it makes the world much more dangerous for the united states. cheryl: why doesn't the united states cut off the funding? that is the simplest thing. speak to my sense is the reason i don't if they will have no leverage in the equation if they cut the funding off, that is because we're dealing with people in the uni
back a little over a year, in the original elections islamist parties, the groups which are even more ravaged than the brotherhood is have one but margins of about 4-1. cheryl: wa it was not like a hue referendum and they came into power in june. >> morsi, sylvi some of the islt split. they split in the last minute when the candidate got pushed aside and he did not run against a secular democrat. cheryl: what does this mean for the united states and israel and the border they share?...
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i came out the day after the election to put revenues on the table. to take a step towards the president to try to resolve this. >> is there someone you could agree to tax rate increases and protect small businesses may be at the same time? >> there are a lot of things that are possible. the president insists on this position. insist on my way or the highway. next. connell: speaker of the house john boehner. dagen: i think ed henry says no progress and charges at the white house. connell: there is the optimism. it has been waning anyway on the stock market. the speaker talk to you about the phone call about the president needing to get more serious. we will talk more about that coming up. mark warner is supposed to join us from capitol hill later this hour. right now, back to the morning jobs report. 146,000 jobs added in november. the unemployment rate fell to 7.7%. both were better than expected. the thing we will focus on is the big story behind all of this. maybe the fact that a generation of americans are being impacted by the lack of a full-time
i came out the day after the election to put revenues on the table. to take a step towards the president to try to resolve this. >> is there someone you could agree to tax rate increases and protect small businesses may be at the same time? >> there are a lot of things that are possible. the president insists on this position. insist on my way or the highway. next. connell: speaker of the house john boehner. dagen: i think ed henry says no progress and charges at the white house....
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>> i think he is emboldened by the election returns obviously and emboldened by the polls showing public and higher tax rates on the rich that he has become much less willing to compromise and republican sources. the thing that really sticks in with a lot of republicans, we want to give up the debt ceiling and want to extend that for five years. i can guarantee that it's not going to happen. i believe this is the only leverage they have in terms of getting the president to cut spending is to use the debt card, and i heard the little clip you played, but i don't believe the republican would do this. melissa: john boehner and the president has accomplished more than what they're letting on. >> i don't think they're publishing a whole heckuva lot. republicans may very well go along with that deal. they may just throw their hands up and say we can't negotiate anything. it will give the president what he wants o on the taxes and goig to 2013 was perhaps saying we gave your texas and now what do we do? that is becoming a bit of a consensus. melissa: what is the president doing in detroit? in a
>> i think he is emboldened by the election returns obviously and emboldened by the polls showing public and higher tax rates on the rich that he has become much less willing to compromise and republican sources. the thing that really sticks in with a lot of republicans, we want to give up the debt ceiling and want to extend that for five years. i can guarantee that it's not going to happen. i believe this is the only leverage they have in terms of getting the president to cut spending is...
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the election is done, what will we hear tomorrow? >> i think we are going to hear very tepid job growth, they will likely blame it on sandwich give them a good excuse right now. i think the market will react like it is today. everyone is this availing the economic data and the fiscal cliff. what is more important is how the jobs data affect negotiations on the fiscal left. it is up for jobs report tomorrow it will affect the negotiations and there will be urgency to get something done because everyone concerned about getting jobs. it nicole: everyone is concerned about jobs. back to you. ashley: thank you so much. back in 15 minutes. like a rudderless ship floating in the ocean, the markets description of the day. tracy: poetic. this is not. housing and urban development secretary shaun donovan on hot seat on capitol hill is grilled on the f h a and whether taxpayers foot the bill for multibillion-dollar bailout. gerri willis has this story. we have been waiting for this. gerri: that is will be looking at. off the top of my head. sha
the election is done, what will we hear tomorrow? >> i think we are going to hear very tepid job growth, they will likely blame it on sandwich give them a good excuse right now. i think the market will react like it is today. everyone is this availing the economic data and the fiscal cliff. what is more important is how the jobs data affect negotiations on the fiscal left. it is up for jobs report tomorrow it will affect the negotiations and there will be urgency to get something done...